All Entries Tagged With: "15 year mortgage rates"
Refinance Mortgage Rate Still at Record Low
Home loan refinancing dropped again this week. As of now, the 30-year fixed mortgage is 4.5344%. Additionally, the refinance mortgage rates have descend only 3 basis points and over the past 4 weeks the rate has dropped by at least 17 basis points. Bank of America maintained their current refinance rates at 4.906%. BofA lowered [...]
Home Loan Purchase Applications Rise in Third Consecutive Week
The Mortgage Bankers Association said last Wednesday that the demand for mortgage applications in purchasing homes increased last week for a third consecutive week. The Mortgage Bankers Association claimed that the volume of applications that was submitted for purchase mortgages up by at least 1.5 percent after the previous week’s 2 percent growth. And this [...]
Top Mortgage Lenders, Wells Fargo and Bank of America, Gains Profit as Mortgage Rates Drop
Two of the nation’s mortgage lenders giant, Bank of America and Wells Fargo, are gaining some profit increase within the NYSE as Bank of America was up 2.92% and Wells Fargo was up 2.96%. Both mortgage lenders obviously figured out that the most effective way to improve the profitability is to take advantage in mortgage [...]
Mortgage Rate Update: A New Record Low
As of today, August 2nd, 2010, the mortgage interest rates are practically quite maintaining its previous rate last week. The fact that a lot of mortgage lenders reported that rates hit all time lows it is now the case that the bulk of mortgage applications happen to be refinance applications. Currently, a 30-year fixed conventional [...]
Mortgage Rate Update: 30 Year Fixed Mortgage Rates Moves a Bit Higher
Since last week the 10 year treasury rate yield has continued to go strong and moves higher making most of those in the mortgage market realize that 30 year fixed mortgage rates would soon follow its path as well. Currently, the 10 year yield was on its four day winning streak (or stable) but earlier [...]
West Virginia Launched a New 3.5% Mortgage Program
West Virginians homebuyers are expected to take advantage on the once in a lifetime and unusually low mortgage rates under a new state program. The West Virginia Housing Development Fund is currently offering a30-year fixed-rate loans at 3.5% interest to low- and middle-income homebuyers who will be qualify to obtain the program. A $35 million [...]
Home Loans Low Interests Rates Resulted in 30% increased in Refinance Mortgage Applications
The recent mortgage data indicates that the refinance mortgage applications increased by at least 30% over the past four weeks due to the fact that the latest interest rates are very low for home loans. According to Zillow.com 30 year fixed mortgage rates are as low as 4.37% in various areas. However, Mortgage Bankers Association [...]
Daily Mortgage Rate Update: 30 and 15 Year Fixed Mortgage Rates
Nothing much changed n today’s report of mortgage interest rate a there has been inadequate amount of financial data released to adjust mortgage interest rates drastically. With that being the case people who follows daily mortgage rate sees no difference when it comes to these mornings’ interest rates report and the mortgage rates we are [...]
30-Year Mortgage Rates Fell to All-Time-Low Since 1971
As everyone expected, mortgage rates fell this week to all-time record low for the fourth consecutive times in five weeks. The 30-year average fixed-rate loan was 4.56%, down from 4.57% last week, according to Freddie Mac mortgage company last Thursday. The accumulated record was the lowest rate since the company started monitoring mortgage rates in [...]
Bank of America and Chase Current Refinance Mortgage Rates
This week mortgage refinance rates are quite moving higher. Last Friday average mortgage refinance rate for a 30-year fixed rate mortgage was 4.7351%. Compare that to 4.6128% last Friday. The average mortgage rate refinance for the week was 4.641%. Bank of America (BofA) is charging 5.157% in home refinance and 4.933% for a new purchase [...]